FAQ for Self Employed Home Loans
Frequently asked questions on self-employment home loans or stated income loans.
Question: How good does my credit have to be?
Answer: You need a minimum credit score of 600 to be eligible for a stated income self-employment home loan. Past credit issues may be okay… READ MORE
Bank Statements are the New Stated Income Loan
Back in 2007 and 2008 during the subprime mortgage bust, stated income mortgages were a thing, but they tended to get people into a lot of trouble and made it possible to buy homes they really couldn’t afford. But, with a little bit of finesse, revising, and a lot of experience, we’ve now developed a new program called the bank statement home loan. READ MORE
Stated Income Loans are Available Again to Investors
Stated income home loans used to be widely available before the recession in 2008. And although we’re not back to the subprime mortgage bust, and hopefully never will be, these loans were extremely valuable and they’re making a huge comeback. READ MORE
Recent Closings
More from the Blog
Common Sense Underwriting for a Stated Income Loan in Orange County
If you're looking for a non-QM loan option that allows you to show your eligibility without the traditional documentation, a stated income loan might be the perfect fit. This is a creative financing solution that will allow you to work toward your goals in real estate...
Donating and Decluttering Before A Move
The process of decluttering doesn’t have to be complicated. Start by making time to sort through your belongings before the move. The more time you have, the better, as it allows you to put more thought into decluttering decisions. Next, create a plan on how to tackle...
Surprising Things That Can Lower Your Credit Score, Even If They’re Good Financial Moves
Your credit score makes all the difference in your ability to buy a home and the terms you will get on your mortgage. While the credit score is designed to put a measurable quantity on your ability to manage debt, it doesn't give the full picture of your financial...
No Doc Loan and Home Mortgages
No Doc Loan and Home Mortgages W4CY: July 18, 2023 - Jackie Barikhan – My Lender Jackie NO DOC mortgage – Learning details of the NO DOC home loan program - Jackie Barikhan – www.mylenderjackie.com Choosing a Good Home Lender – Discussing the different types of loan...
Why High-Net-Worth Buyers are Turning to Non-QM Loans to Build Their Portfolios
More and more investors are turning to non-QM loans (Non-Qualified Mortgages) to grow their portfolios faster and with greater flexibility. Here’s why this shift is happening and what you need to know if you’re considering using a non-QM loan to expand your real...
Financing International Income: How Non-QM Loans Support Global Buyers
For global buyers looking to invest in U.S. real estate, securing financing can be one of the most challenging hurdles. Traditionally, mortgage lenders require U.S.-based income, U.S. credit history, and extensive domestic documentation that many international buyers...
Buying or Refinancing in SoCal? Here’s What You Need to Know in 2025
If you're considering buying a home or refinancing in 2025—especially in high-cost markets like Huntington Beach, Newport Beach, Irvine, Laguna Beach, Manhattan Beach, or Malibu—you already know this isn’t your average lending environment. Whether you’re a first-time...
Should You Refinance in 2023?
Should You Refinance in 2023? - The refinancing storm of the past few years has calmed down significantly as the FED has raised the federal funds rate, but that doesn't mean your opportunity to refinance has necessarily passed. There are still some people who would...
Welcome to my Blog!
Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.